The West African Business Development Forum Africallia 2014took place last week in Ouagadougou, the capital of Burkina Faso. Many distinguished regional and international representatives of states, institutions, and companies were attending the extremely well-visited forum. Apart from 240 African companies, there were at least 160 companies from all over the world present at the forum. In the introduction the assembled audience was also addressed by, among others, the following guest-speakers: Luc Adolphe Tiao, the Prime Minister of Burkina Faso; Alizèta Ouedraogo, the president of the Chamber of Commerce of Burkina Faso; Christophe Dabire, a representative of the West African Economic and Monetary Union (UEMOA); Ginette Nzau-Muteta, a representative of the African Development Bank Group; Bettina Acquier, a representative of the Futurallia organisation; and Gaspard Ouedraogo, the president of the Forum Africallia Organisational Committee.

Burkina Faso is a member of the West African Economic and Monetary Union (UEMOA), which represents a common market for eight West African states which have more than 100 million inhabitants altogether. UEMOA, which comprises Benin, Burkina Faso, Ivory Coast, Guinea Bissau, Mali, Niger, Senegal and Togo, was established at the beginning of 1994, primarily with an aim to increase competitiveness through the common market, coordination of the member states' economic policies, and the supervision and harmonisation of the fiscal policies. These countries are considered to be very promising countries, and they have gained considerable attention from various foreign multinational corporations.

The forum was also attended by a Slovenian delegation which was present at the event in the framework of the successfully organised business trip that had been arranged by Public Agency SPIRIT Slovenia. The following representatives of the Slovenian delegation attended the forum: Tina Lukan, SPIRIT Slovenia; Ivo Boscarol, Pipistrel company CEO; Roman Žnidarič and Boris Lipovšek, Cetis company representatives, and VZMD President Kristjan Verbič, M.Sc. (in the photo at Friday's gala dinner).

After the successful collaboration at thefifth congress of the Spanish Association of Minority Shareholders (AEMEC) and the international investment conference at the Madrid Stock Exchange, Mr. Verbič carried out numerous B2B talks in Ouagadougu, with, among others, the representatives of the following institutions: International Consulting and Investment Group (Burkina Faso), Taiwan-Africa Business Association (Taiwan), Togo Chamber of Commerce (Togo), World Trade Centre Istanbul (Turkey) and CVS SPRL (Democratic Republic of Congo), Ivory Coast Chamber of Commerce, International Cabinetof Consulting and Brokerage (Morocco), and Afrique Agro-Export Association (AAFEX)(Senegal). These B2B talks were held in the framework of the two VZMD international business-investment programmes Invest to Slovenia (investo.si) and International Investors` Network (invest-to.net).

After actively participating in the last year's international conference Europe for Africa & Africa for World in Ljubljana, and after the Global KEN Foruminternational conference in Cape Town, VZMD, by participating at this event, substantially expands endeavours and activities of investo.si and invest-to.net programmes in the area of Africa which has huge potential and many opportunities for the future.

VZMDkindly invites those wishing to secure their business interest by taking part in their events and activities to contact the VZMD investo.si programme coordinator by phone 031 770 771, or e-mail tratar@investo.si.